May

Month: May 2020

Covid, how you have made so many lives different especially this Mums. My days are longer and far more chaotic then when we had after school activities. The day certainly starts a little different to when school is on, let me first paint the picture of what it looks like now. The school bag is…

From 12 March 2020 until 30 June 2020, the instant asset write-off threshold has jumped from $30,000 to $150,000. This means that an asset can be purchased & written off immediately, with the overall affect of either reducing or completely clearing your tax liability at June 30. To be eligible must not exceed an aggregate turnover of…

As COVID-19 continues to change our lives, you may now be working from home . To make it easier when claiming a deduction for the additional running costs you have incurred as a result of working from home, the ATO has announced a few things to help. A simplified method has been introduced that allows…

With the passing of time, the initial rush starts to settle. In this time we strongly recommend every business start to consider and undertake the following: Cash Flow three months:- Consider the cash flow of your business over the next three months Consider income or cash receipts Consider expenses in terms of: critical, deferrable, negotiable,…

School Closure By State NSW Schools remain open. However, the government is “encouraging” parents to keep their children home if possible. VIC Schools remain open. However, school holidays were brought forward to Tuesday 24 March (instead of Thursday 26 March). Term 2 will go ahead as normal at this stage. QLD Schools remain open. However,…